Scheme25 Aug 2026
Modulr joins CHAPS as a direct participant, settling at the Bank of England
The electronic money institution now settles high-value sterling payments directly at the Bank of England. It says it is the only non-bank payment service provider connected...
What changed
The electronic money institution now settles high-value sterling payments directly at the Bank of England. It says it is the only non-bank payment service provider connected directly to Faster Payments, Bacs and CHAPS.
What merchants must do
None stated — verify against sources.